The city of Springfield will receive millions of dollars in tax revenue from MGM Springfield.
State Representative Bud Williams’ proposal is making sure that each Ward receives $2.25 million from the tax agreement.
MGM Springfield has already paid Springfield nearly $14 million in the 2019 fiscal year.
The $13.9 million is part of an amount that the casino will be paying the city over a 40-year period. Rep. Williams is proposing that all city neighborhoods benefit equally from those funds.
Rep. Williams said that the money from the tax agreement with MGM could give the city an opportunity to improve the neighborhoods on an ongoing basis.
He sent 22News a statement that reads in part:
With the revenue from MGM, the city should develop a linkage program to ensure our neighborhoods are not left behind. Strong neighborhoods are the lifeline of our city.
Some of that money has already gone toward improving sidewalks throughout the city.
City Councilor Jesse Lederman said serving neighborhoods is one of his top priorities.
“Both ones that are in the outskirts of town and the ones right in the center,” said Lederman. “I think there certainly has been an extreme amount of development in downtown. What’s very important to me is that we see that development continue to generate tax revenue that can then be spent on the rest of the city.”
Revenue distributed to the neighborhoods is one of the issues that will be discussed at the Springfield City Council Finance Committee Meeting on August 14.